David Weisburd sits down with Jordan Stein, Director of Venture Capital at Cresset Partners. a large multifamily office with over $45 billion in assets under management and a prolific limited partner and storied venture franchises, including Andreessen Horowitz, Lightspeed, and Founders Fund.
(0:00) Introduction to the episode and guest background
(0:59) Jordan Stein's venture capital allocation strategies and Crested Partners' investment approach
(5:29) Venture capital portfolio construction and manager evaluation
(13:06) Key mistakes of first-time LPs and venture capital concerns for 2023
(15:20) Sponsor: AngelList
(16:27) Venture capital's role in LPs' portfolios and investment strategy nuances
(23:31) Aligning investments with cash flow and co-investment practices
(27:05) Insights on successful co-invest programs and GP advice
(31:03) Cresta's innovative wealth management approach
(34:45) Contacting Jordan Stein and outro
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